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Jan 15, 2013
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priorities in the order we're putting them, protecting the wealthy, protecting the lowest corporate tax rates since the 1970s and looking at deep cuts that are going to hurt these people. so i hope, and i think there is some sign today that the president is talking about really holding the line on that. >> well, i think the president is going to hold the line. he was pretty strong about that today. gop pollster frank luntz was asked on fox news the republican failure to win over americans with their rhetoric on spending. here it is. >> do you believe the error is smaller government, the adjustment should be more effective and efficient government. why are those words so important? >> because the american people don't care what the size of government. they do care what types of services government gives. and quite frankly, how much government takes. >> and also, whether the government pays its bills or not. but e.j., this is all in the arena of the republican mantra that they want to make sure that they drive home to the american people that government doesn't do anything well, that we m
priorities in the order we're putting them, protecting the wealthy, protecting the lowest corporate tax rates since the 1970s and looking at deep cuts that are going to hurt these people. so i hope, and i think there is some sign today that the president is talking about really holding the line on that. >> well, i think the president is going to hold the line. he was pretty strong about that today. gop pollster frank luntz was asked on fox news the republican failure to win over americans...
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Jan 16, 2013
01/13
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obama demands the wealthy pay their fair share of taxes. but he's just another elitist hypocrite when it comes to a fair share of security. >> you see there's mayor bloomberg, nbc anchor, david gregory, and senator dianne feinstein. so, they're tapping into that, too, because many people think that the media is one-sided on this issue, jason. >> didn't we do this for the last two years? the election is over. the whole barack obama is part of this elitists is a dead argument. it doesn't move things forward. what the nra should be talking about is let's make sure people have to be licensed properly to have their guns. make sure people know how to use a gun if someone comes into their home. these ads and attacks raises money, gets people talking, and it doesn't help the nra's reputation with the public. >> ron, jason has a point. this could create a backlash. a "washington post" poll shows 44% have an unfavorable view of the nra's leadership. >> i don't think that matters to the nra. what their goal is is to protect gun rights, the rights of t
obama demands the wealthy pay their fair share of taxes. but he's just another elitist hypocrite when it comes to a fair share of security. >> you see there's mayor bloomberg, nbc anchor, david gregory, and senator dianne feinstein. so, they're tapping into that, too, because many people think that the media is one-sided on this issue, jason. >> didn't we do this for the last two years? the election is over. the whole barack obama is part of this elitists is a dead argument. it...
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Jan 15, 2013
01/13
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major tax and entitlement reform. that will be discussed throughout the rest of the week. >> we have to come to a point where we stand and fight. i hope this is the time. there is no such thing in this definition. we'll pay social security, will you pay medicare or would you use it as a tool to try to get the house republicans to cave? rich: president obama said he will not negotiate. he will talk spending cuts and, perhaps, revenue. back to you. lori: thank you so much. new warnings on the debt ceiling. timothy geithner telling congressional leaders that the u.s. will exhaust its limit mid-february. bernanke urging congress to extend borrowing authority well before the deadline. the u.s. could lose its aaa rating, so where do we go from here? wonderful to have you with us. you believe the u.s. will not default on its debt. how will washington get to that point? there is a proposal of delaying inflammation of the obama law. >> everything is on the table, including the delight that the republicans are talking about. my
major tax and entitlement reform. that will be discussed throughout the rest of the week. >> we have to come to a point where we stand and fight. i hope this is the time. there is no such thing in this definition. we'll pay social security, will you pay medicare or would you use it as a tool to try to get the house republicans to cave? rich: president obama said he will not negotiate. he will talk spending cuts and, perhaps, revenue. back to you. lori: thank you so much. new warnings on...
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Jan 16, 2013
01/13
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KICU
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if you thought that class warfare was bad during the election and during this tax battle, it could get even worse, because under a 2010 law, dodd-frank, public companies are supposed to disclose the relationship between what their ceo makes - that's already public information - but they are supposed to compare it and give a ratio with what their median employee, kind of the typical employee, makes. so this is something that people can compare from company to company just to see how much more - "wow, the ceo makes 300 times more than the typical worker here!" > in some companies it wouldn't be that dramatic - an investment bank, for example. but at other companies - you had mentioned earlier wal-mart - it would be a hugely divergent number. > > take goldman sachs. their ceo makes a lot of money, but there are a lot of people at goldman sachs who also make a lot of money. so the disparity wouldn't be as great maybe as wal-mart or some retailer where you have a ceo who probably makes a lot, but you have a lot of minimum-wage workers. so that is going to be a big disparity. > also in corpo
if you thought that class warfare was bad during the election and during this tax battle, it could get even worse, because under a 2010 law, dodd-frank, public companies are supposed to disclose the relationship between what their ceo makes - that's already public information - but they are supposed to compare it and give a ratio with what their median employee, kind of the typical employee, makes. so this is something that people can compare from company to company just to see how much more -...
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Jan 16, 2013
01/13
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KRON
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the firehouses closed because a tax measure was not passed and property tax revenues are down. contra costa county now has 220 firefighters?.that is well below the 600 they?d like to have. they say these closure will affect response times to emergency?s. >> whether or not it is going to be a 22nd second delay or 1.5 minutes, it is going to impact on response time. >> they are going to talk about other emergency crews, such as ambulances. and the fact that nobody lost their jobs. if there is a good portion of this story. j. r. stone, kron 4 news. four stations close today in contra costa county. in martinez - station 12 on shell avenue. in lafayette - station 16 on los arabis avenue. walnut creek loses station 4 on hawthorne drive. and in clayton, station 11 on center avenue. new information. reveals thand clayton, station no. 11. and if you look at this map you can see the widespread. >> pam: new information about tanker pilot who hit a tower on the bay bridge last week, switched course as he was approaching the bridge. the damage to the base of the tower on the bridge suffered
the firehouses closed because a tax measure was not passed and property tax revenues are down. contra costa county now has 220 firefighters?.that is well below the 600 they?d like to have. they say these closure will affect response times to emergency?s. >> whether or not it is going to be a 22nd second delay or 1.5 minutes, it is going to impact on response time. >> they are going to talk about other emergency crews, such as ambulances. and the fact that nobody lost their jobs. if...
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Jan 23, 2013
01/13
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WETA
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no matter your tax rate, contributing to a 401(k) can help you save money on taxes and boost your retirement security. your contributions to a traditional plan are not included in your taxable income, and earnings on roth contributions are tax-free. the good news for savers is that in 2013 401(k) limits go up to $17,500, and employees aged 50 or over can contribute an additional $5,500. but, at the end of 2011, the average account balance in 401(k)s nationwide was just under $60,000. if you're not sure you're doing all you can to lower your taxable wages and secure your retirement, finras new 401(k) save the max calculator can help you do the math to find out. i'm gerri walsh. >> tom: join us tomorrow on twitter for a tweet-up, that's when you meet together on twitter. we'll talk about teaching kids about saving money. alisa weinstein, co-founder of helpkidsfly.org and author of "earn my keep" will be our guest. here's what you do: follow us on twitt at bizrpt, and use the tweet-up hashtag "financial education". that's tomorrow, thursday at 3 pm eastern. susie, we're really looking forward t
no matter your tax rate, contributing to a 401(k) can help you save money on taxes and boost your retirement security. your contributions to a traditional plan are not included in your taxable income, and earnings on roth contributions are tax-free. the good news for savers is that in 2013 401(k) limits go up to $17,500, and employees aged 50 or over can contribute an additional $5,500. but, at the end of 2011, the average account balance in 401(k)s nationwide was just under $60,000. if you're...
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Jan 15, 2013
01/13
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backup for the government and the tax code. it is an inefficient way of subsidizing. sandra: a sign we are overtaxing and overregulating corporations and small businesses to the point data want to hire these people so people have to downgrade out of jobs they should be working in and educated to work in and take lower-level service jobs. very much a sign of the times. stuart: the government takes money off of this group to top off the income of that group. that is -- [talking over each other] stuart: that is my take. big money at the story everybody is talking about today, lance armstrong comes clean on informant -- performance enhancing drugs and made millions in prize money and endorsements, raise a lot of money for his cancer charity. we are a forgiving country. we really are. here is the question. will the nation give him a second chance or is he totally finished? we will ask that question. we have a pr executive on whether it lands can have his image and i have my take on mr. armstrong around 10:28 this morning on this pro
backup for the government and the tax code. it is an inefficient way of subsidizing. sandra: a sign we are overtaxing and overregulating corporations and small businesses to the point data want to hire these people so people have to downgrade out of jobs they should be working in and educated to work in and take lower-level service jobs. very much a sign of the times. stuart: the government takes money off of this group to top off the income of that group. that is -- [talking over each other]...
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Jan 15, 2013
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than permanent tax cuts. so i think part of it will come out of savings, because people will have saved up, as it were, to prepare themselves for this. but not all of it. we are going to have slower consumer spending, i think, in the first half of the year. my point is, it's not going to be the consumer that's going to be driving things. and we are probably going to have a little bit of a pickup in hiring. we think payroll is going to be 175,000 a month. we had an encouraging pickup in wage increases in the december payroll data. that's not a blip. that's the beginning of a new trend. you are going to see better income numbers. i think when you get that december personal income number that's going to look fairly decent number on the wage side giving consumers some cushion to pay those higher payroll taxes. >> and if we should have a decline in inflation or oil prices or gas prices, that will help, as well. but, john, the question becomes, was what happened on the late in the evening on what was it, december 3
than permanent tax cuts. so i think part of it will come out of savings, because people will have saved up, as it were, to prepare themselves for this. but not all of it. we are going to have slower consumer spending, i think, in the first half of the year. my point is, it's not going to be the consumer that's going to be driving things. and we are probably going to have a little bit of a pickup in hiring. we think payroll is going to be 175,000 a month. we had an encouraging pickup in wage...
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Jan 15, 2013
01/13
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do you stick by ford if the tax fight continues? >> yes, because beyond the dividend, it's an attractive stock. auto industry as a whole, we think, has still tremendous upside potential since it bottomed out in 2009, it continues to improve. ford, specifically, streamlined down to lincoln and ford models. they have a ways to go yet, but they are really looking to compete head on in the united states with toyota, with the fuel efficient products like fugs, fiesta, taurus, ect.. cheryl: that's right. 3 #% yield hit again on ford. the stock is climbs and climbing back to the debt ceiling debate, in 2012 # coming into 2013 were concerns about consumer spending. government numbers out, retail sales better. does that give you hope? is that why you are bullish at this point for 2013? >> yes. i mean our economy plods along and improves looking at real estate, consumer spending, major purchases such as auto. once again, i make the statement that once washington gets out of the way, we really think that the financial markets based upon where
do you stick by ford if the tax fight continues? >> yes, because beyond the dividend, it's an attractive stock. auto industry as a whole, we think, has still tremendous upside potential since it bottomed out in 2009, it continues to improve. ford, specifically, streamlined down to lincoln and ford models. they have a ways to go yet, but they are really looking to compete head on in the united states with toyota, with the fuel efficient products like fugs, fiesta, taurus, ect.. cheryl:...
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Jan 23, 2013
01/13
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to go to low income tax states. that shows that people vote with their feet. neil: well, california experienced that. i covered that a few years ago having this wealth flight of upper income california who moved next door to the lower tax state of nevada, not that nevada is firing on all cylinders, but that says a lot about the well-to-do, or those slightly better off than others that when their taxed to the hilt, they move to the hilt. >> they will move. neil: a global trend here. what are we to make of that? >> something to take into consideration. as we're about to head into basically four months of long fiscal debate here on capitol hill when it comes to the budget, when it comes to the sequester and continuing resolution. the president has made it clear that he want as balanced approach, and that he wants taxes to be on the table. neil: it's not a balanced approach. it's not balanced. >> it's not balance the at all, but we need to take this into consideration that we raised taxes once, everyone is seeing less m
to go to low income tax states. that shows that people vote with their feet. neil: well, california experienced that. i covered that a few years ago having this wealth flight of upper income california who moved next door to the lower tax state of nevada, not that nevada is firing on all cylinders, but that says a lot about the well-to-do, or those slightly better off than others that when their taxed to the hilt, they move to the hilt. >> they will move. neil: a global trend here. what...
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Jan 16, 2013
01/13
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. >> uncle sa many is taking more in tax dollars, next the alarming number of americans that are dipping into their retirement accounts to pay their bills and our interview with ann frank's stepsister, you will not want to miss it. >> we will see you then. >> and we have a high pressure system moving in. that is good news, right? >> i love that, sun issy kais from the high pressure system, wednesday, thursday and friday with mid 60s expected even by saturday, so, a warmup, that is what we are calling it the next couple of days. >> thanks for watching, we will see you at 6:00. >>> on the broadcast tonight, he did it. lance armstrong comes clean after years of denials. now the consequences for him, for the cancer charity he founded, even the future of his sport at the olympics. >>> late word on the action the president plans to take on gun control tomorrow. >>> fighting the flu. what are the real odds of getting sick after getting the flu shot, which in some places is getting a lot harder to find. >>> and cashing out. an alarming number of americans draining the money they were saving for
. >> uncle sa many is taking more in tax dollars, next the alarming number of americans that are dipping into their retirement accounts to pay their bills and our interview with ann frank's stepsister, you will not want to miss it. >> we will see you then. >> and we have a high pressure system moving in. that is good news, right? >> i love that, sun issy kais from the high pressure system, wednesday, thursday and friday with mid 60s expected even by saturday, so, a...
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Jan 15, 2013
01/13
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it's a special tax form. have you to file for every single state that you're in where the pipeline might go through. it's a little complicated so some people have been buying exchange-traded funds because there's mlp exchange-traded funds. the point is if you're interested in dividends, these -- these kinds of deals are very, very host investments. two other ones are coming this week. >> not really seeing the kind of pace that we've seen for ipos. haven't seen the business come back. >> norwegian cruise lines goes back. not a massive limited partnership. >> that's a very well known name. >> sure they will be trying it out. >> get me my sunglasses. >> closing countdown coming up. >> and is congress threatening the economy with the looming fight over the debt ceiling? something we're all talking about, and will washington ever get serious about fixing the debt crisis. do not miss, this should be pay-per-view's, maria's exclusive interview with alan simpson coming up on the "closing bell." >> he's always great.
it's a special tax form. have you to file for every single state that you're in where the pipeline might go through. it's a little complicated so some people have been buying exchange-traded funds because there's mlp exchange-traded funds. the point is if you're interested in dividends, these -- these kinds of deals are very, very host investments. two other ones are coming this week. >> not really seeing the kind of pace that we've seen for ipos. haven't seen the business come back....
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Jan 23, 2013
01/13
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tell us. >> well, the carbon tax has been proposed by some, a tax on carbon dioxide, a tax on hot air, proposed by some to be a way to close the budget deficit, and, second, to solve the problem of global warming, but it won't do either, and it's a tax on refineries, industry, and utilities and will slow the u.s. economy rate, the price of gasoline, goods, food, electricity, and so it will probably reduce federal revenues, not helping with the budget deficit. >> that's interesting because it's billed as we're doing something, showing the world we're tackling this carbon emissions problem. we are doing something. it's also billed as a big revenue raiser for the government. i think that's the motivation. now, in the long run, you could say it reduces government revenues because it's slowing the economy, but initially, it would be a gusher of money, now, wouldn't it? >> well, that's very attractive. more than a hundred billion dollars a year, but the republicans in the house have already passed a resolution before a bill was grue deuce -- introduced saying it's a bad idea. >> are you wri
tell us. >> well, the carbon tax has been proposed by some, a tax on carbon dioxide, a tax on hot air, proposed by some to be a way to close the budget deficit, and, second, to solve the problem of global warming, but it won't do either, and it's a tax on refineries, industry, and utilities and will slow the u.s. economy rate, the price of gasoline, goods, food, electricity, and so it will probably reduce federal revenues, not helping with the budget deficit. >> that's interesting...
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Jan 19, 2013
01/13
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FOXNEWSW
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you've got to go where the money is and looking for him to hit the middle class with more tax hikes in the second term. i think a top priority. >> paul: he's got to find the money somewhere to get to do this. dan, what about the theory or what you're hearing from liberals and cheering it, no more mr. nice guy. the president is going to take on republicans, way too compromising in the the first term, not that i recognize that president, but that's the line that they're taking and so, look,er erhe's going to put them in their place and demonize them and sigma advertise them. >> we are going to see-- they're looking for a look on the radio, the president of the united states like a left wing talk show host. we're in the midst of a revolution and it's a take no prisoners revolution. when he talks about the elderly talking about obamacare and medicare, and talk about not caring whether important enough to eat, that's food stamps, as jason sucked he suggested he's looking for a way to transfer the wealth, not from just from the wealthy, but down to-- >> he's popular, personal approval rating
you've got to go where the money is and looking for him to hit the middle class with more tax hikes in the second term. i think a top priority. >> paul: he's got to find the money somewhere to get to do this. dan, what about the theory or what you're hearing from liberals and cheering it, no more mr. nice guy. the president is going to take on republicans, way too compromising in the the first term, not that i recognize that president, but that's the line that they're taking and so,...
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Jan 23, 2013
01/13
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other income, 350 million and a tax rate of 26%. >> okay. gene in. >> it's actually kivon -- the numbers are disappointing on the iphone, slightly disappointing, but if you step back the expectations were for 41 billion in the mid-point of the revenue guide and did 42 so that was better. essentially this is what people had really expected absent the small disappointment on the iphone number, but it seems pretty -- actually pretty uneventful. it's directionally more negative than what we expected. >> you got 22.9 million ipads. what did you think? >> i think that's actually a really good number. it's better than what i expected. but the thing that catches me, apple may be worse than what we expected because they just eked out the number. >> even though the eps beat was really, really big. >> dan, how do you feel about watching the stock that you own a lot of down another 23 bucks and below 500 bucks? >> i mean, it's frustrating. this number, obviously, hoping for a blowout number after those verizon iphone numbers came in in terms of the new
other income, 350 million and a tax rate of 26%. >> okay. gene in. >> it's actually kivon -- the numbers are disappointing on the iphone, slightly disappointing, but if you step back the expectations were for 41 billion in the mid-point of the revenue guide and did 42 so that was better. essentially this is what people had really expected absent the small disappointment on the iphone number, but it seems pretty -- actually pretty uneventful. it's directionally more negative than...
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Jan 15, 2013
01/13
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the wealthy see charity and taxes two sides of the same coin. taxes go up, charity must go down. press secretary for george bush summed it up in a recent tweet saying, quote, i and many others will likely donate less in 2013. but a new study from the nonpartisan tech center says charitable giving may actually increase this year by $3.3 billion. tax hikes are actually the main reason why. here's how it works. taxpayers deduct their charity at their marginal tax rate. last year the wealthy could deduct 35 cents for every dollar they gave. the current rate is 39.6%. so they can deduct 39.6 cents for every dollar they give. their cost of giving has, in other words, fallen by 7% for those making $400,000 or more per year. the same is true if you're giving away stock or real estate that's appreciated in value. the higher capital gains rate making giving more economically attractive. the cliff deal does limit certain deductions. but the benefits of these higher tax rates more than makes up that limit on deductions. so net-net, the wealthy get a bigger tax cut this year for giving. it's
the wealthy see charity and taxes two sides of the same coin. taxes go up, charity must go down. press secretary for george bush summed it up in a recent tweet saying, quote, i and many others will likely donate less in 2013. but a new study from the nonpartisan tech center says charitable giving may actually increase this year by $3.3 billion. tax hikes are actually the main reason why. here's how it works. taxpayers deduct their charity at their marginal tax rate. last year the wealthy could...
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Jan 22, 2013
01/13
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FBC
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we just had a big capital gains tax, a big dividend tax. you have obamacare that is coming down the pipe which it employers with more than 50 workers in a lot of employers are already holding back on their employment because of that. then we talk about things like coffee and trade and climate change legislation. i do not want to be entirely negative here. you mentioned the fact that the housing market is picking up. no question about that. ironically, here is the irony of this president, the number one factor that is creating jobs in the economy over the last three years has been the oil and gas sector. dagen: you would be not a smart politician if you got in the way of that in the next four years. steve, by the way, 2100 words in that address and job or jobs was noted three times. steve, it was great to speak with you. >> people should read in our "wall street journal" today, we have an excerpt from ronald reagan's inauguration. the job market was really expanding back in. dagen: steve, great to speak with you. take care. connell: we broug
we just had a big capital gains tax, a big dividend tax. you have obamacare that is coming down the pipe which it employers with more than 50 workers in a lot of employers are already holding back on their employment because of that. then we talk about things like coffee and trade and climate change legislation. i do not want to be entirely negative here. you mentioned the fact that the housing market is picking up. no question about that. ironically, here is the irony of this president, the...
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Jan 23, 2013
01/13
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tax cuts in terms of who was affected. these are tax cuts the democratic party has run against for 12 years as a bad idea from start to finish. so the republicans made a hundred steps forward and took back either one or 15 steps and then obama locked it in. why? largely because democrats in the senate did not want to be attached to the size of tax increases that the president wanted. so he has a democrat senate that's not as left wing as he is. reid may be, but reid has to take care of his own. and a republican house elected every bit as much as he was. >> let me bring jake back. you got an update from the white house about this. >> well, just what his next hundred days will look like. obviously he's talked about trying to combat gun violence and we'll see efforts legislatively right off the bat on that. also, of course, immigration reform. the president has talked about how he wants to tackle that early on in his second term. so immigration reform. that is an area that grover can talk about at length where republicans the
tax cuts in terms of who was affected. these are tax cuts the democratic party has run against for 12 years as a bad idea from start to finish. so the republicans made a hundred steps forward and took back either one or 15 steps and then obama locked it in. why? largely because democrats in the senate did not want to be attached to the size of tax increases that the president wanted. so he has a democrat senate that's not as left wing as he is. reid may be, but reid has to take care of his own....
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Jan 15, 2013
01/13
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xlees with tax breaks for rum distillers? i need a drunk. >>> i'm kry is tal ball. are we turning our kids in to narcissists? >>> a dope. lance armstrong comes clean to the queen of talk but who needed the interview more, lance or oprah? >>> i'm shooting straight coming to guns. ready, aim? "the cycle" is on fire. >>> the house is back and getting serious about the constitution. members spent 1:05 reciting the entire u.s. constitution. it's the basis of our government, of course, but this is only the second time ever the entire document was read aloud in the house. >> we the people of the united states in order to form a more perfect union -- >> no person except a natural-born citizen shall be eligible to the office of president. >>> the powers to all cases of law and equity. >> full faith and credit given in each state to the public acts. >> congress shall make no law respecting an establishment of religion, the right of the people to keep and bear arms shall not be infringed. >> neither slavery nor involuntary servitude shall exist within the united states. >> the
xlees with tax breaks for rum distillers? i need a drunk. >>> i'm kry is tal ball. are we turning our kids in to narcissists? >>> a dope. lance armstrong comes clean to the queen of talk but who needed the interview more, lance or oprah? >>> i'm shooting straight coming to guns. ready, aim? "the cycle" is on fire. >>> the house is back and getting serious about the constitution. members spent 1:05 reciting the entire u.s. constitution. it's the...
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Jan 19, 2013
01/13
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KQED
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>> i think consumers have had a tough run and now they know what their tax situation is of for 2013 based on what happened in washington recently, and the ones work say i have nigh job, interest rates are low. it's not that bad. i want to take my vacation. >> susie: is business strong enough that you're going to add some jobs and what are your hiring plans? >> every time we launch a new ship, it brings on a lot more employees. we're 20,000 strong at this point. and if you think about there are a couple of thousand that come along with each new ship we're building in the future here. >> susie: kevin, thank you so much. great talking with you. >> appreciate it, take care. >> reporter: still ahead, more than half a million people are expected to converge on washington this weekend for the president's inauguration. we'll take a look at the economic impact. >> tom: u.s. stocks were little changed, despite a big jump in growth in china. china's economy rose by nearly 8% during the last three months of 2012, up half a percent from the previous quarter. still, for the year, china's posted its wea
>> i think consumers have had a tough run and now they know what their tax situation is of for 2013 based on what happened in washington recently, and the ones work say i have nigh job, interest rates are low. it's not that bad. i want to take my vacation. >> susie: is business strong enough that you're going to add some jobs and what are your hiring plans? >> every time we launch a new ship, it brings on a lot more employees. we're 20,000 strong at this point. and if you...
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Jan 22, 2013
01/13
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CNBC
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some basic tax planning thing. he's probably paying, let's get the number here, more on the order of around 50% to 52%, that's being very conservative. the top paid americans when you look at the irs code, the highest paid 400 earners and millionaires are paying around 20%, that's the average for most millionaire earners. between 20% and 50%, not 62% or 63%. >> what we can tell of his income, his income mostly derives from tournament wings or endorsement income. it's not investment income, which is how the wealthy people typically lower their rated. >> he's correct, he's the guy getting hit. you're talking about people who earn a lot of money in ordinary income, they are the ones getting hit. he's like a lot of rich guys, especially in california now who are saying maybe this is -- >> move to florida, right? >> he probably has a point but he still will be taking home $25 million. someone with such a great image in golf t doesn't send the right message. >> many are accusing him of being a whiner about this. >> also
some basic tax planning thing. he's probably paying, let's get the number here, more on the order of around 50% to 52%, that's being very conservative. the top paid americans when you look at the irs code, the highest paid 400 earners and millionaires are paying around 20%, that's the average for most millionaire earners. between 20% and 50%, not 62% or 63%. >> what we can tell of his income, his income mostly derives from tournament wings or endorsement income. it's not investment...
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Jan 15, 2013
01/13
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. >> if you thought tax hikes would keep people from traveling this year, you may be wrong. >> according to surveys, more executives are planning to travel for business. if you top the save a few bucks, they may be taking the bus. >> if you think it's crowded on the roads and the errors, it's going to get more crowded. business travelers are hitting the road in greater numbers according to a survey and one by frequent business traveler magazine. business travel is far from smooth sailing. travel agents said the cheap issues when it comes to booking trips with limited seat availability and keeping costs down. meantime, business travelers complained of inconsistent experience and almost 3/4 said wi-fi was a huge factor when choosing an airline or hotel. companies like mega bus and greyhound have been experimenting with wi-fi hoping to attract more business travelers. it seems to be working according to a study. bus services saw more growth than either eye or rail travel. who knew? >> coming up, wall street has a sign that apple is responding and the smart phone market could be slipping. [
. >> if you thought tax hikes would keep people from traveling this year, you may be wrong. >> according to surveys, more executives are planning to travel for business. if you top the save a few bucks, they may be taking the bus. >> if you think it's crowded on the roads and the errors, it's going to get more crowded. business travelers are hitting the road in greater numbers according to a survey and one by frequent business traveler magazine. business travel is far from...
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Jan 23, 2013
01/13
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CURRENT
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ronald reagan. >> the whole tax cutting myth about ronald reagan, raising taxes. they don't want to believe it. >> obama hasn't raised gas taxes. reagan did one better on that. to extend the argument. >> immigration reform? >> from george w. bush mitt romney's healthcare provider. on and on. so when i say, and yet for all of these things that he has done, he has copied all of these big ideas from republicans. again, going all the way back and then to nixon and yet their response is, he is just a fascist, a socialist. really? what were nixon and reagan and george w. bush for god's sake? they completely shunned their own. they ignored their own history >> bill: they don't recognize their own ideas. right? when they are staring them in the face. >> i think most people can recognize the republican party of today is not the republican party of 20, 30 years ago. most people who look at this independently can see that. but i think the bigger question is: is there ever going to be anything that's a wake-up call for them? what would the wake-up call be that they say, okay.
ronald reagan. >> the whole tax cutting myth about ronald reagan, raising taxes. they don't want to believe it. >> obama hasn't raised gas taxes. reagan did one better on that. to extend the argument. >> immigration reform? >> from george w. bush mitt romney's healthcare provider. on and on. so when i say, and yet for all of these things that he has done, he has copied all of these big ideas from republicans. again, going all the way back and then to nixon and yet their...
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Jan 22, 2013
01/13
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CNBC
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. >>> phil mickelson is teed off about taxes. he is threatening to leave california thanks to a higher tax rate on the wealthy. we will talk to robert frank about this in a minute, but first, jane wells, does he have a point? >> the wonder is why he stayed so long, except san diego is a nice place. florida is nice, too. mickelson will pay california a new rate of 13.4% retroactive to the beginning of last year. running the numbers, "sports illustrated" estimates he made 60 million in 2012, that means 64 million in ju 6.4 million in california taxes, and he owes an extra 1.8 million. but if he moves, california loses everything. some of those smaller tournaments may leave the state if golfers decide to golf at rival events. tiger woods and the williams sisters long ago left california for florida, maybe not for tax purposes but they haven't moved back. lebron james went to the heat instead of the heat so the clippers could save tens of millions over his contract. and taxes were in the conversation when peyton manning was debating
. >>> phil mickelson is teed off about taxes. he is threatening to leave california thanks to a higher tax rate on the wealthy. we will talk to robert frank about this in a minute, but first, jane wells, does he have a point? >> the wonder is why he stayed so long, except san diego is a nice place. florida is nice, too. mickelson will pay california a new rate of 13.4% retroactive to the beginning of last year. running the numbers, "sports illustrated" estimates he made...
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Jan 15, 2013
01/13
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CNBC
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citing new tax hikes on the rich as a downside catalyst. >> i think it's absolutely ridiculous. what american express has done in the last two days, cost management. focus on what they are doing there in terms of what the earnings are and expectation that the high-end consumer is going to be affected by what is going on here in terms of fiscal policy. it's misguided. stay with american he cexpress. >> that's talk about cliffs natural. a downgrade. dr. j, make sense of it. the stock is up 2%. >> this one was sold too far down. i can't believe that he actually bothered to downgrade them when the stock was half of whether where it is was. i like the deutsch call. unless we have a lot of trouble with our economy here, judge, which i don't think we're going to have, i think this continues to work and works back into the mid-40s by the end of this quarter. >> talk to me, weiss, about some airlines. they have been doing incredibly well. lately here is ual and lcc. >> they were early in upgrading the airlines and the airlines used to be like drinking beer. you rented it. you didn't own
citing new tax hikes on the rich as a downside catalyst. >> i think it's absolutely ridiculous. what american express has done in the last two days, cost management. focus on what they are doing there in terms of what the earnings are and expectation that the high-end consumer is going to be affected by what is going on here in terms of fiscal policy. it's misguided. stay with american he cexpress. >> that's talk about cliffs natural. a downgrade. dr. j, make sense of it. the stock...
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Jan 23, 2013
01/13
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30%, to 13.3% in addition to the tax increases on the u.s., he faces a marginal tax rate now of 62%, he came out and said i'm going it it take drastic measures and he scaled it back and apologized, and he ought to move to florida, no personal income tax save an instant 13% of his income. here is the thing, greta, what the guys are doing at the very top shows that tens of thousands, millions of people are going to be doing also, for every dollar that our government has in taxes, we spend 35% trying to stop the government from collecting an extra dollar. adopt a flat tax and don't spend 350 billion an or more a year on accountants and lawyers. >> dennis, as always, thank you. now to the video that will keep you on the edge of your seat. surveillance cameras capturing this on the madrid, spain metro. a woman faints on the platform and falls on to the track. passengers panic knowing a train is go to roar into the station and a police officer crushes in, jumping on the tracks and grabs the woman on the off the track on the opposite side and dragged on to the platform and the train came in
30%, to 13.3% in addition to the tax increases on the u.s., he faces a marginal tax rate now of 62%, he came out and said i'm going it it take drastic measures and he scaled it back and apologized, and he ought to move to florida, no personal income tax save an instant 13% of his income. here is the thing, greta, what the guys are doing at the very top shows that tens of thousands, millions of people are going to be doing also, for every dollar that our government has in taxes, we spend 35%...
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Jan 15, 2013
01/13
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airlines, claiming they are buying its jet fuel 70 miles away to avoid playing close to $300,000 in sales taxes. >>> students at university of vermont should not bring bottled water when they return to campus because the school banned its sale for environmental reasons. they are the largest public university to prohibit bottled water on campus. >>> to wall street, the dow opens at 13,507 after adding 18 yesterday. the s&p and nasdaq are both down. overseas the nikkei gained 77 points but the hang sell fell 31. nas dam and s&p slipped monday thanks to worries apple has gone sour. shares of the tech titan dipped below $500 for the first time in one year after reports the company cut orders for iphone parts due to weak demand. after the bell ben bernanke praised washington's fiscal cliff deal which he said probably would have caused a recession this year but cautioned, quote, we are not out of the woods yet. >>> a troubling new report finds more than one in four workers are dipping into retirement funds to keep up with their current bills. apparently folks in their 40s are most likely to do this.
airlines, claiming they are buying its jet fuel 70 miles away to avoid playing close to $300,000 in sales taxes. >>> students at university of vermont should not bring bottled water when they return to campus because the school banned its sale for environmental reasons. they are the largest public university to prohibit bottled water on campus. >>> to wall street, the dow opens at 13,507 after adding 18 yesterday. the s&p and nasdaq are both down. overseas the nikkei...
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Jan 15, 2013
01/13
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CNBC
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when we pay our gasoline tax, we spend that money to the federal government. they skim off management fee and then they dole it out all over again to things like a museum dedicated to the packer, a movie about movies about the road for alaska, things like that. airport money, we spend all of this, there's a tax in all of our tickets, and yet all that money goes into a big pile and the vast majority of it does not go to the biggest airports in the country. it goes to the ones that are the most politically connected. you really have to disengage congress and get more private money going directly where they can actually make a profit and you'll get more infrastructure. >> yeah, but donna, i mean, president obama signed the recovery act and spend billions on infrastructure project. did we get our money's worth? what did that money goes toward? >> well, first let me say, we do need some more money. yes, some airports can be built privately, and there's no question we're spending the money in the wrong places, but even if we took all the money going to highways, lik
when we pay our gasoline tax, we spend that money to the federal government. they skim off management fee and then they dole it out all over again to things like a museum dedicated to the packer, a movie about movies about the road for alaska, things like that. airport money, we spend all of this, there's a tax in all of our tickets, and yet all that money goes into a big pile and the vast majority of it does not go to the biggest airports in the country. it goes to the ones that are the most...
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Jan 20, 2013
01/13
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CNNW
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tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. it's lots of things. all waking up. ♪ becoming part of the global phenomenon we call the internet of everything. ♪ trees will talk to networks will talk to scientists about climate change. cars will talk to road sensors will talk to stoplights about traffic efficiency. the ambulance will talk to patient records will talk to doctors about saving lives. it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. the next big thing? we're going to wake the world up. ♪ and watch, with eyes wide, as it gets to work. ♪ cisco. tomorrow starts here. >>> we are back with a very excited crowd behind us. some every day americans are playing a special role in official inaugural festivities. they are called citizen co-chairs, somet
tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. it's lots of things. all waking up. ♪ becoming part of the global phenomenon we call the internet of everything. ♪ trees will talk to networks will talk to scientists about...
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Jan 17, 2013
01/13
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CSPAN2
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this is a big tax cut. so i say to you in terms of what has to happen next, i think it's going to require the revenue side of the equation and the spending side of equation to be addressed. let me just conclude by saying this. how do we get out of this in the current circumstance? the president said he's not going to negotiate on the debt limit. republicans say they will not vote for an extension of the debt limit unless they get substantial additional cuts in spending. i think judd is absolutely right. we have another dynamic at work here, and that is the sequestered. $1.2 trillion of across the board spending cuts, having defense, half in nondefense. republicans don't like it, democrats don't like it. that creates an opportunity. there's also the question of how long do you extend the debt limit. i think it would be incredibly foolish to renege on the debt of the united states. it would be enormous consequences. that is a losing proposition for everyone. but how long we extend the debt limit, that is open
this is a big tax cut. so i say to you in terms of what has to happen next, i think it's going to require the revenue side of the equation and the spending side of equation to be addressed. let me just conclude by saying this. how do we get out of this in the current circumstance? the president said he's not going to negotiate on the debt limit. republicans say they will not vote for an extension of the debt limit unless they get substantial additional cuts in spending. i think judd is...
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Jan 21, 2013
01/13
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reforming schools, reducing the deficit and revamping the tax code. very american speech. i thought it actually was quite inclusive. meant for most americans. >> bret: republicans noted there wasn't a lot of talk how to deal with something they talk a lot about, the deficit and debt and concerned about the years ahead and how it paid for things. take a listen. >> we reject that america must comparing for those who built the country and the commitments we make to each other through medicare and medicaid and social security, they don't sap the initiative, they strengthen us. [ applause ] thaw do not make us a nation of takers, they free us to take the risks that make this country great. >> that is the only time he talk about the deficits. >> i had that same thought. reminded me of something that lincoln said or made a book review or critique. people who like this sort of thing will find this is the sort of thing they like. and for those who already agree with the president perspective, on those issues and on many others there was lots to like. it wasn't a speech that reached
reforming schools, reducing the deficit and revamping the tax code. very american speech. i thought it actually was quite inclusive. meant for most americans. >> bret: republicans noted there wasn't a lot of talk how to deal with something they talk a lot about, the deficit and debt and concerned about the years ahead and how it paid for things. take a listen. >> we reject that america must comparing for those who built the country and the commitments we make to each other through...
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Jan 15, 2013
01/13
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KQED
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on the dividend theme i think our call was that the tax rate wasn't going to rise the way it was written in the law. we have seen that and this is a pretty compelling group of stocks. you have low payout and bond rates are low so you can buy dividend stocks that yield well relative total attorney difficults in the bond market. on the megacap stocks you have a lot of large high quality american companies that should be able to grow at or higher than the rate of the market or cheaper than the market and also have those higher dividends. >> susie: and the other two sectors that you also recommend to your morgan stanley clients, health care, companies like cardinal health, and industrials like honeywell, general motors what is the story there? >> well, for health care look, when you want to be a little defensive in the markets's natural for people to think about two sectors, health care and staples. we really like health care more than staples right now. we see that pretty clearly. health-care companies are beating estimates more, they have higher cash balances and you know they are much che
on the dividend theme i think our call was that the tax rate wasn't going to rise the way it was written in the law. we have seen that and this is a pretty compelling group of stocks. you have low payout and bond rates are low so you can buy dividend stocks that yield well relative total attorney difficults in the bond market. on the megacap stocks you have a lot of large high quality american companies that should be able to grow at or higher than the rate of the market or cheaper than the...
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Jan 16, 2013
01/13
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. >> reporter: property tax revenues have dropped and the tax measure was voted down. now, those are just hopeful that we do not see a worse case scenario. >> there could be a terrible situation if there is a fire there is going to be a big fire and we're going to need all the help we can get. >> reporter: some of this talking is talking about ambulance services. that way, they can still get some emergency crews to respond. reporting live in contra costa county, kron 4. >> here are the four stations closing today in contra costa county. in martinez - station 12 on shell avenue. in lafayette - station 16 on los arabis avenue. walnut creek loses station 4 on hawthorne drive. and in clayton, station 11 on center avenue. you can see how wide-spread the impact of longer response times is. >> pam: the oakland public safety committee is expected to make a decision. which is already stirring up contreversy. city council members decide will whether to adopt a resolution. to hire crime - fighting consultant william bratton. new tonight at eight. kron 4's reggie kumar is live out
. >> reporter: property tax revenues have dropped and the tax measure was voted down. now, those are just hopeful that we do not see a worse case scenario. >> there could be a terrible situation if there is a fire there is going to be a big fire and we're going to need all the help we can get. >> reporter: some of this talking is talking about ambulance services. that way, they can still get some emergency crews to respond. reporting live in contra costa county, kron 4....
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Jan 19, 2013
01/13
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he said we had to let two employees go for costs and increased taxes. what he did was kosher. they do not prevent people from caning people because of politics. let's discuss in this thing. >> lightning roooouuuuunnndd. lightning round. >> rick, you travel a lot and talk to people. am i wrok to thing obongo is totally racist? >> i would say yes. >> this guy is probably just a jerk. >> it sounds like it. >> can you imagine these guys are like, oh yea he won. oh fired. >> you think it is great? >> i don't think it is fair. they should just these people based on their job performance and not on who they have as president. >> he thought they weren't doing a good job. not that i am sitting here defending him. by the way, i'm sorry i said any of that. >> i can't believe you are defending a racist. >> what am i doing? >> she whispered to me saying i love how racist this guy is. >> i condemn you. i should have known when i read her arian pamphlet. she has a lot of pictures. as it turns out, she hates everyone. that wasn't a sheet she was wearing. it was an outfit. it wasn't a sexy i'm
he said we had to let two employees go for costs and increased taxes. what he did was kosher. they do not prevent people from caning people because of politics. let's discuss in this thing. >> lightning roooouuuuunnndd. lightning round. >> rick, you travel a lot and talk to people. am i wrok to thing obongo is totally racist? >> i would say yes. >> this guy is probably just a jerk. >> it sounds like it. >> can you imagine these guys are like, oh yea he won....
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Jan 16, 2013
01/13
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obama demands the wealthy pay their fair share of taxes but he is just another elitist hypocrite when it comes to a fair share of security. protection for their kids, and gun free zones for ours. bill: that is part of it. wendell goler live on the north lawn. what is the reaction to the nra ad, wendell. >> reporter: frankly none, bill. aides say they have no more desire for a confrontation with the nra than they already have. people will see secret service protection for the first family is no more elitist than protection for the president himself. in the wake of the newtown massacre, polls show public opinion in favor of many measures mr. obama will announce today. press secretary jay carney says it will take more than gun controls to make our children safe. >> this is something that we have to address as a nation. it is not something you can do alone through executive action. it is not something you can do with even a series of laws that, congress might pass. this is a problem that touches on a variety of areas of american life. and it needs to be approach broadly. >> reporter: the
obama demands the wealthy pay their fair share of taxes but he is just another elitist hypocrite when it comes to a fair share of security. protection for their kids, and gun free zones for ours. bill: that is part of it. wendell goler live on the north lawn. what is the reaction to the nra ad, wendell. >> reporter: frankly none, bill. aides say they have no more desire for a confrontation with the nra than they already have. people will see secret service protection for the first family...
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Jan 17, 2013
01/13
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be about 5 to 7% lower, meaning those people in the exchange that needed a subsidy would take fewer tax dollars and it is also estimated that it would serve as an anchor, because there's competition, to bring down the cost of health care, even in the private sector as well. >> when is the government -- when is the government ever done that? with george bush's plan, you were critical and had a right to be for prescription drug benefit. the argument ises that it would drive down the cost of those drugs. if anything they have soared since that benefit came in because the government cannot act as a source of even buying in bulk for cutting prices. >> that's exactly right. and in fact i'm also supportive of legislation that would allow medicare, just leak the veterans administration to negotiate with the manufacturers, the drug companies, for lower drug prices. and i guess the point is that there are -- >> it doesn't work. didn't work in the case of drug prescriptions. if you were to expand this to care, what -- >> no, no. >> what is the chance you would get more bang for the buck? >> here's
be about 5 to 7% lower, meaning those people in the exchange that needed a subsidy would take fewer tax dollars and it is also estimated that it would serve as an anchor, because there's competition, to bring down the cost of health care, even in the private sector as well. >> when is the government -- when is the government ever done that? with george bush's plan, you were critical and had a right to be for prescription drug benefit. the argument ises that it would drive down the cost of...